BTC/USDT weekly analysis in 8th/Jan/2022
Hi, crypto traders.
Because the sequential order is 100MA (black) > 60MA (green) > 20MA (blue) > 5MA (red) > the candle, the trend of BTC is a Strong Downtrend now.
Target points in next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 46,000-48,000USD (Cross-point with 20MA)
– 2nd target: 50,000USD (A nice round number)
– 3rd target: 52,100USD (the last highest price, cross-point with 60MA)
◇BTC goes down:
– 1st target: 39,600USD (the lowest price in 21st/Sep/2021)
– 2nd target: 31,000USD (Cross-point with 100MA of weekly chart)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
Because the sequential order is 100MA (black) > 60MA (green) > 20MA (blue) > 5MA (red) > the candle, the trend of BTC is a Strong Downtrend now.
Target points in next week are as follows.
==Target Points==
◇BTC goes up:
– 1st target: 46,000-48,000USD (Cross-point with 20MA)
– 2nd target: 50,000USD (A nice round number)
– 3rd target: 52,100USD (the last highest price, cross-point with 60MA)
◇BTC goes down:
– 1st target: 39,600USD (the lowest price in 21st/Sep/2021)
– 2nd target: 31,000USD (Cross-point with 100MA of weekly chart)
– 3rd target: 30,000USD (A nice round number)
Enjoy your trading.
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